Mississippi News

It Figures

$66,500 The refund that an Indiana insurance agent Timothy Allen Craig will pay to poultry farmers in Mississippi under a settlement announced by Insurance Commissioner Mike Chaney. Chaney said the refund will go to 500 insured farmers for inspections of …

Post-Katrina Duties and Liabilities of Insurance Agents and Brokers

The Louisiana Supreme Court Weighs In Following Hurricane Katrina, many insurance agents and brokers were sued by customers who found they were underinsured for their losses caused by the hurricane. It is fair to say that most of those claims …

BP Denies Alabama Claim Over Oil Spill

BP Plc has turned down Alabama’s claim for $148 million in lost government revenue due to the worst oil spill in U.S. history, the state’s attorney general, Troy King, said Friday. BP denied the claim because it said there was …

Gulf Hurricane Insurance Bill Unlikely to Pass, Again

In Pascagoula, Miss., on the Gulf Coast, agent Laverne Nelson has to get windstorm coverage for her personal property from the state wind pool. That is because in April her property insurer, MetLife, dropped her wind coverage. Before that, she …

U.S. Judge Sets December Date for Health Care Suit Hearing

A Florida judge said Tuesday he would hear arguments Dec. 16 on a lawsuit by 20 U.S. states seeking to block President Barack Obama’s overhaul of the U.S. health care system. U.S. District Judge Roger Vinson, who is weighing a …

Georgia-Based AssuranceAmerica Names New CFO

AssuranceAmerica Corporation announced today that Sheree Williams has joined AssuranceAmerica Corporation as its Senior Vice President and Chief Financial Officer effective September 13, 2010. Ms. Williams was most recently VP of Finance at 21st Century Insurance and Financial Services (previously …

Agency Valuations: A Victim of the Credit Bubble?

In the early 1700s, John Law, a brilliant mathematician, advised the French government their economy could be improved by printing lots of paper money not backed by gold or silver. The key was getting people to trust the paper money. …

Mississippi Agent to Pay $66,500 Refund

Mississippi Insurance Commissioner Mike Chaney says his office has reached an agreement with an agent to refund $66,5000 in policy fees to poultry farmers. Chaney said in a news release Friday that the action was taken against Indiana-based agent Timothy …

How Katrina Changed Markets

Industry Came Through Five years after Hurricane Katrina lashed the coast and sunk New Orleans, it is true that the area has largely recovered, but it is not the same Gulf Coast it once was. The same is true for …

Gulf States’ Post-Katrina Building Codes Get Low Marks

Louisiana has done a good job upgrading its building codes in the five years since Hurricane Katrina, but Alabama and Mississippi have not, according to the Institute for Business and Home Safety. “While there have been positive steps taken in …